News

Irish Examiner: Internet of Things and blockchain can grow when all the world’s connected

“One of the immediate areas for IoT devices to be used with blockchain technology is in the area of supply chain monitoring. Imagine every shipping container being fitted with its own onboard sensor collecting data on temperature, humidity, and motion.

This data can be reported to a central hub which then adds the data to the blockchain providing real-time tracking and status of each container throughout the journey.

This data can then be used to expedite customs processes, provide data to support supply chain insurance, and allow for both shippers and receivers to identify early on if there is a problem with a shipment and to engage appropriate contingencies.”